Signature Aviation Share Discussion Threads

[master rsi] 24/1/2007 18:21

The buy back continues for the last couple days..........

24 January 2007
Signet Group plc - Buyback of its own Shares

Signet Group plc ("Signet") announces that it has purchased the following number
of its ordinary shares of 0.5p each on the London Stock Exchange from JPMorgan
Cazenove Limited.

Date of purchase: 24 January 2007
Number of ordinary shares purchased: 1,000,000
Average price paid per share: 118.1697p

[billbyrne] 12/12/2006 19:42

EGM out of the way. Share buy back can start
again. It will be interesting to see if the
yanks see this as one of their own now the
shares are traded in $.

[w.bramley] 01/12/2006 12:57

Information for Signet shareholders. Xmas coming, you may buy some jewelery, and as a shareholder you should have a discount card, however in some cases you may want to buy a ring but you do not know the size. Ernest Jones have a useful ring sizer which is sent to you free of charge if you just fill in your details. Worth keeping.

https://www.ernestjones.co.uk/webstore/secure/ringsizer.do

[jillyann] 15/11/2006 15:59

Nice rise again today.
SG will have to reiterate its stance soon.

[billbyrne] 08/11/2006 21:10

Signet has bought back about 27,000,000 shares since it started its buy back.
It has helped the share price improve about 20% in the same period, along
with positive trading updates. Long may the buybacks continue.

[master rsi] 03/11/2006 11:35

London shares - midmorning features

Signet Group 118-1/4 up 1/4
SG says 'buy' with 141 pence fair value

[master rsi] 02/11/2006 21:02

And also purchased 1M shares for cancelation ................

02 November 2006
Signet Group plc - Buyback of its own Shares

Signet Group plc ("Signet") announces that it has purchased the following number
of its ordinary shares of 0.5p each on the London Stock Exchange from Deutsche
Bank AG London Branch.

Date of purchase: 2 November 2006
Number of ordinary shares purchased: 1,000,000
Average price paid per share: 118.282p

Following the cancellation of these shares, the remaining number of Ordinary
Shares of Signet will be 1,715,896,631.

[master rsi] 02/11/2006 13:57

Better-than-expected third-quarter sales on the Q3 shares edging ahead ......

Signet's Q3 underlying sales top hopes

LONDON (AFX) - Signet Group PLC, the Anglo-American jewellery retailer, has posted better-than-expected third-quarter sales and announced plans to move to US dollar reporting.

For the 13 weeks to Oct 28 the group, which trades from 1,290 US stores and 585 stores in the UK, reported total sales up 5.7 pct to 328.3 mln stg, a rise of 9.5 pct at constant exchange rates.
On a like-for-like basis, which strips out the impact of new and closed space, sales increased 5.4 pct. This compares to growth of 7.9 pct in the second quarter.
Within this like-for-like sales were up 6.5 pct in the US -- a slowdown from second quarter growth of 10.3 pct.
They were up 3.0 pct in the UK, accelerating from second-quarter growth of 0.6 pct.
Within the UK like-for-likes were up 1.7 pct at H Samuel and up 4.4 pct at the more upmarket Ernest Jones.

Analysts at UBS had forecast US like-for-like sales growth of 3-5 pct and flat UK like-for-like sales.
For the 39-week period to Oct 28 reported sales were up 10.2 pct to 1.14 bln stg, or up 9.8 pct at constant exchange rates. Like-for-like sales rose 5.3 pct.
Prior to today's statement, analysts were forecasting a year to Feb 3 2007 pretax profit of about 214 mln stg, up from 200.4 mln stg last time.
Signet plans to report its results in US dollars from the start of its next financial year on Feb 4 2007.
It said the move will better reflect its underlying performance as over 70 pct of the group's sales are denominated in US dollars.
Shareholder approval for Signet to redenominate its share capital into US dollars will be sought at a Dec 12 extraordinary general meeting. The redenomination is also subject to court approval.

Future dividends will be declared in dollars but Signet's shares will continue to be quoted in sterling.
In August Apax Partners and Kohlberg Kravis Roberts (KKR), the private equity groups, dropped plans for an offer for Signet that was expected to value the group at 2.3 bln stg.
Then in September Gerald Ratner, the jeweller who used to run Ratners, Signet's previous incarnation, talked-up the possibility of a 350 mln stg offer for the group's UK businesses. However, Signet never received his proposal and in any event said the businesses were not for sale.
At 1.06 pm shares in Signet were up 3/4 pence at 118-1/4 pence, valuing the business at 2.03 bln stg.

[prokartace] 02/11/2006 13:23

Its a good question but if that is the objective why would they continue, as they have stated, to have their headquarters in the UK?

[jillyann] 02/11/2006 13:09

I wonder whether the proposed switch to dollar reporting is because they are still hoping to offload the UK interests?

[prokartace] 16/10/2006 08:35

Dont allow pride to come between youself and a good profit

[prokartace] 12/10/2006 13:34

What's your EPS then?

[jillyann] 12/10/2006 13:28

All depends on your EPS.
SIG are coming into their busiest time of the year. EPS will be higher! They would not have been able to fight off the takeover otherwise.
All IMHO of course but I believe this company is a diamond (excuse the pun).

[prokartace] 12/10/2006 12:33

That is a little hard to swallow Jillyann, particularly since we couldn't get above this level even with a potential bid in the offing. In addition to that with a business growing around 12% per annum, it would suggest a PER of about 10-12x If you assume EPS of 8.5p for Jan 2007, at 121p PER is over 14. This is fine because as a well run company it deserves a premium. If on the other hand are going to ask me to believe that it will trade on a PE of above 23x, I and anyone else would ask you what you are smoking. Sorry to be a realist.

[jillyann] 12/10/2006 12:01

I think these have the possibility to top £2 fairly quickly.
IMHO DYOR!

[prokartace] 12/10/2006 11:56

Excellent performance, now looking a shade toppy IMO

[prokartace] 06/10/2006 06:32

Cbird. I can only say probably

[seabird] 05/10/2006 15:50

Huge amount of trading today.

A sell just after close of 1.5 million shares. Loads of AT transactions - can someone enlighting me what that is all about. Is this to do with the share buy backs?

Cbird

[prokartace] 25/9/2006 09:47

Yes indeed Cbird,

Also lovely smooth rising chart at the moment, probably helped by share buy backs. Support 108p resistance 115p

Rich

[seabird] 25/9/2006 07:46

Rich

£350 m now for H Samuel!

Cbird

[prokartace] 22/9/2006 07:56

Cbird

Well, yes it certainly does not make sense to sit around with a bunch of cash so that the suitor can finance his purchase with your cash. It also pulls out all the loose shareholders so that in a vote later on there is more likely to be less support for the takeover. Correct me if I'm wrong but it is purely a coincidence as the buyback scheme started before the rumours of a takeover, unless the directors already knew.

Also if H Samuel is sold of to Ratner for £200mil there will be more cash in the pot for future share purchases.

Rich

[seabird] 21/9/2006 16:35

Rich

Many thanks for that explanation - another 800,000 just bought.

Do you think this is also a way of keeping the share price relatively higher than would be otherwise - thereby making it more diificult for a possible suitor? The board appear to be against a t/o.

Cbird

[prokartace] 21/9/2006 13:36

seabird:

On 14 July 2006 the Company announced a programme to purchase its own ordinary
shares. The shares will either be cancelled or held in treasury. The Company is
targeting to buy approximately #50 million before its fiscal year end on 3
February 2007 and in the first half purchased 3.2 million shares for #3.1
million.

The company is well run and has a gearing of only 15%. One of the ways to return share holder value is to buy back shares if the company currently does not need the cash for expansion. The aim is to reduce the number of shares outstanding which in turn improves the earnings per share and therefore should push up the share price.

Rich

[seabird] 19/9/2006 17:41

Any idea why Signet buying own shares lately?

[drunker50] 01/9/2006 12:03

I forgot about bauger WE COULD SEE A BIDDING WAR.